north vancouver
CONDO MAY
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
BALANCED 19 %
34 % DOWN
48 % DOWN
0.4 % UP
The number of condo listings in North Vancouver increased to 297 in May, 4% higher month-over- month but 34% belowMay 2019. Condo sales were 22% higher month-over-month, at 55, but decreased 48% year-over-year. The sales-to-listings ratio increased to 19%, as the condo market for North Vancouver remained balanced. The condo benchmark price, at $577,200, was 0.5% higher month-over-month and 4% above May 2019. The average sold price of $668,623 was down 11% vs April, while at $794, the average PSF sales price was relatively unchanged month-over-month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 286
% Change
No. 452 106 23%
% Change
TOTAL LISTINGS
297
4%
-34% -48% -21%
TOTAL SALES
55
45
22% 18%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19%
16%
$577,200 $574,500 $668,623 $750,976
0.5% $557,100 -11% $666,251
4%
0.4%
$794
$792
0.3%
$763
4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$557,100 $554,600 $546,500 $545,500 $558,300 $584,800 $577,200
452
430
368
311
297
279
246
106
100
99
96
83
63
55
NORTH VANCOUVER REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
1
3+ bdrms
BUYER'S MARKET
31
30
2 bdrms
175
24
<2 bdrms
. . . . 0 0 0 0 QD QD QD
91
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 4, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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